Congressional Budget Office

WASHINGTON (AP) — President Barack Obama on Wednesday threatened to veto legislation by House Republicans that would avert a doubling of student loan interest rates on July 1 but allow them to vary with the markets going forward. The White House...

By Elvina Nawaguna WASHINGTON, May 22 (Reuters) - The White House threatened on Wednesday to veto a Republican bill to switch federal student loan interest rates to a market-based system, arguing the plan would create more uncertainty for students and...

WASHINGTON (Reuters) - Below is the text of Federal Reserve Chairman Ben Bernanke's prepared testimony on the U.S. economy to the congressional Joint Economic Committee on Wednesday. Chairman Brady, Vice Chair Klobuchar, and other members of the...

When President Obama was selling his health care legislation to Congress, he declared that "the plan I'm proposing will cost around $900 billion over 10 years."�But with the law's major provisions set to kick in next year, a new analysis by the...

A tidal wave of individual income tax payments flooded federal and Connecticut coffers this April, surprising even budget officials, who should have seen it coming. The surge was cause primarily by a predictable increase in 2012 long-term capital gains...

WASHINGTON (AP) — Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time before the U.S. Treasury is faced with the prospect of defaulting on the national debt. In a letter...

* New debt limit reset at $16.7 trillion * No movement seen in Congress on budget talks By David Lawder WASHINGTON, May 20 (Reuters) - The U.S. government added $306 billion in new debt during a four-month suspension of the federal borrowing limit, the...

May 20 (Reuters) - U.S. Treasury Secretary Jack Lew on Monday said the Obama administration was suspending investments in the Civil Service Retirement and Disability Fund, a government employee pension fund, to help the nation keep paying its bills now...

Making 'islands' part of Santa Rosa Kudos to Santa Rosa's elected leaders for listing the annexation of Roseland -- and those other unincorporated "islands" -- among their priorities for the next two years. In a Feb. 13 editorial ("Fulfilling a...

By Jason Lange WASHINGTON, May 20 (Reuters) - The International Monetary Fund on Monday said the United States was getting carried away with a government austerity drive, offering some of the institution's bluntest criticism yet of Washington's rush to...

WASHINGTON (AP) — Five months into President Barack Obama's second term, allies and former top aides worry that his overarching goal of economic opportunity has been diminished, partly drowned out by controversies seized upon by Republicans in an...

For decades, war has been waged over the holy grail of America's Arctic frontier, the Arctic National Wildlife Refuge. The wide coastal plain on the edge of the Beaufort Sea contains stunning populations of caribou, grizzly, musk oxen and other wildlife...